May 29, 2022

Thomson Reuters Reports First-Quarter 2012 Results

From a TR Announcement:

Thomson Reuters today reported results for the first quarter ended March 31, 2012. The company reported revenues from ongoing businesses of $3.2 billion, a 4% increase before currency. Adjusted EBITDA increased 15% with the corresponding margin up 260 basis points to 25.9%. Underlying operating profit increased 2% with a corresponding margin of 17.1% versus 17.4% in the prior-year period.

Adjusted earnings per share (EPS) were $0.44 compared to $0.37 in the first quarter of 2011.

“The first-quarter performance was consistent with our full-year expectations,” said James C. Smith, chief executive officer of Thomson Reuters. “The Legal, Tax & Accounting and IP & Science businesses each performed well. Our Financial & Risk business continues to make progress in a very difficult environment. We are executing against a more focused strategy. In all, we are on track and affirm our full-year outlook.”


  • Revenues increased 3%. US Law Firm Solutions grew 2% driven by a 12% increase in Business of Law revenues (FindLaw and Elite) with research-related revenues flat. Corporate, Government and Academic revenues rose 4%. Global businesses grew 7% with good growth in Latin America.
  • EBITDA increased 5% and the associated margin increased 60 basis points to 34.7%.
  • Operating profit increased 5% and the associated margin was 25.7% compared to 25.2% in the prior-year period.
  • WestlawNext has been sold to approximately 65% of Westlaw’s revenue base.

Intellectual Property & Science

  • Revenues were up 4% driven by growth in the IP Solutions and Scientific & Scholarly Research businesses, partly offset by a 1% decline in Life Sciences revenues due to timing of renewals and a difficult comparable in the first quarter of 2011.
  • EBITDA increased 9% with the corresponding margin increasing 160 basis points to 34.4%.
  • Operating profit increased 6% with the corresponding margin increasing 40 basis points to 26.3%.
  • Small movements in the timing of expenses can impact margins in any given quarter for the Intellectual Property & Science business. Full-year margins are more reflective of the segment’s underlying performance.

Read the Complete News Release

About Gary Price

Gary Price ( is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at, and is currently a contributing editor at Search Engine Land.